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Focus not on -- I want you to focus.
On that can now.
The Suez Canal.
And oil prices and concerns that they spill -- there.
I'm not smaller ships don't get through that -- Some big ones can't get through it at all but one.
He's just not entirely joining us now is -- -- histories that -- -- show.
President that -- there.
Egypt and isolation.
In terms of its production of oil.
Not that big of a deal globally but the Suez Canal you're looking at anywhere from two to four million barrel today on a good or a bad day.
Going back and forth through that canal.
That's the main pipeline to Europe.
Before that kind of product been plus you get the gas pipe where the crude oil pipelines reveal more of an immediate impacts on Europe it would have an immediate impact on the whole world but it would reverberate -- because everything is so integrated.
That if Europe -- shortened because -- Suez Canal is dysfunctional.
With a pipeline is blown up because of the inability to govern.
Suddenly Europe by and elsewhere.
And so is putting a poll on whatever supplies are available from wherever that might be.
So you said that this should be a wake up call what did you what did you mean you know if the administration.
Doesn't have a wakeup call from this kind of potential disruption.
Where we need twenty million barrels a day in this country -- every day.
And as long as President Obama is president one term or two terms we need twenty million barrels of oil a day.
We're drilling for seven we only produce seven we import thirteen.
Back at the last oil embargo we -- in the 1970s we imported 30% of our oil.
Now we import almost 70% of our oil and what do we do -- domestically -- shut down on the Gulf of Mexico for Pete's sake.
Well he says he is finding alternatives here -- but not.
But -- you can't put wind and solar energy in the gas tank of your car.
Maybe there's a million electric vehicles and hybrids by -- What about the 249.
Million other cars that still need gasoline and diesel let prices get such -- point -- when -- had environmentalists on the show those -- synthetic.
To the presence position.
To -- it gets prohibited to have gas at all and -- that people will seek out.
Plug in hybrids whenever it's a myth it's a myth of somebody's creation which starts from the premise that we're running out of oil.
That's a myth when I'm running out of oil and -- -- we're getting seven we're getting seven from here we're getting seven we used to be ten we used money.
I'm saying how much could we get from him -- it easily do ten again.
There's more than enough oil is that the most optimistic scenario attack so we could do more than ten if you did ten plus some -- fuels plus some higher efficiency.
Vehicles as are we still be getting half of that somewhere else oh yeah that's got to come from somewhere we can't produce of the -- goes to -- -- we get it well then we're gonna have to walk.
We're gonna have to I don't want to I know but nobody does but the price will skyrocket but the high price don't forget the high -- drives the economy backward.
The -- yeah I had earlier John has said maybe not this time of the high price is sticking point that and and it has everything to do.
With with fear.
Driving it up beyond supply demand absolutely it's a psychology of price you know there's no cost basis for the ninety dollar oil prices today.
It's not a cost plus kind of production it's -- psychology of how much is available against how much demand is there and this kind of uncertainty.
Oil cannot stand political uncertainty could you talk and billions of private investment needs it is one that went -- if it's if it's.
The welfare of Saudi Arabia -- strong -- Kuwait are.
You know we will receive what's happening with listeria and the Lebanon -- that the bid from -- could be -- for a on that advocates -- -- -- and yeah that's -- say this should be a wake up call.
Because the holes region ignoring women's stables -- we do -- -- -- daily -- didn't get about -- they don't produce big OPEC -- -- know and their basket case we've turned -- into an ideology.
You're either forward or you're against -- that's the problem.
What we have is a lifestyle we have an economy that's predicated on oil even if you don't like it.
I mean there's a lot of limousine liberals running around the country protesting oil.
Who -- and -- and limousines that are powered by inefficient internal combustion engines.
And and they're the ones that are the most outspoken against Aureus limousines and I guess I know the Prius is not a limousine limited limited -- backseat that's wrecked.
All right our John pompous thank you very Arab Iran walking thing and I hope I'm wrong I always hope I'm wrong roads it's John thank -- ever.
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